Posted on 02/06/2016 5:24:15 PM PST by SeekAndFind
On the surface, the January jobs numbers appear to be "not bad." There were 151,000 jobs created, and the official unemployment rate dropped below 5%.
But the story inside the numbers is really, really awful. The Bureau of Labor Statistics calculates job creation and loss using two different measurements: the Current Population Survey and "Establishment" data from the Current Employment Statistics. Usually, the two measurements are roughly the same.
But how do you explain this, BLS?
Consider these BLS numbers based on household data. In January, there were 25,328,000 "foreign born" workers employed, a one-month drop of 98,000.
In January, there were 123,710,000 "native born" men and women employed, a one-month drop of 567,000.
Analysts note that there are several ways to count jobs created and lost but the losses shown among men and women, foreign born and immigrants, is significant, said a congressional expert, who told Secrets, "Maybe big thing this month is just the decline in number of native born workers drops over half million in a month?"
That means that the actual number of jobs created was about 650,000. What kind of jobs were they? Zero Hedge Blog refers to the "Waiter and Bartender Recovery" – an apt way to describe the fact that 70% of those jobs are minimum-wage positions.
Marketwatch thinks the numbers are "fishy":
Manufacturing mojo?
By virtually all accounts, U.S. manufacturers are struggling to grow amid a decline in exports and a big drop in demand among energy producers. Yet the industry supposedly added 29,000 new jobs in January to mark the biggest gain in 14 months.
Believable? Many economists are skeptical. And even if the job increases are real, some predict hiring will slow again next month.
(Excerpt) Read more at americanthinker.com ...
To be unexpectedly readjusted two weeks from now. On a Friday evening.
Our government would NOT lie to us. /s
My policy is to ignore any Government statistic since 1992. The formulas are cooked and nobody wants to make them right.
I am in agreement.
I have seen the Zapruder film and trust that heads shot from behind fall back into the bullet.
I have walked the Oswald trail after the assassination within the time allowed and verified that no matter how unlikely the sprint that Oswald had to be in, Arlen Specter’s magic bullet is all that could have happened and a Dallas DA being at the theater for the arrest is 100% likely in light of a President being assassinated less than 120 minutes prior.
I am in total agreement.
No such thing as gas lighting.
Move along. Nothing to see. These are not the droids we are looking for
Moran wonders about the affect of the Holiday season on the employment increase but reality is that the jobs increase is the result of the adjustment the BLS did to remove the holiday affect. Looking at the "Not seasonally adjusted" column shows a 666,000 drop in employment and a rising unemployment rate up to 5.3.
Ever played pick up stix?
Euphemistically, pulling one brick out of our great country by a gay-taqiyya-talking-muzlim-commie...
May the Lord smite him and his posse.
If a person has two part time jobs are they counted by Obama as two employed Americans?
The real unemployment number is about 22%.
I suspect they’ll find a way to make sure there are no upticks in unemployment while Obama is in office.
That number will continue to go down to 4.5%, which economists usually define as “full employment”. Then expect the half breed to boast that “everybody who wants a job has one.”
“Recession is when your neighbor loses his job. Depression is when you lose yours. And recovery is when Jimmy Carter loses his.†Ronald Reagan Substite Democrats and GOPe, and it equally applies today.
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